FAGACE’s governing bodies award satisfaction and renew the mandate of the Managing Director, Mr Henri-Marie DONDRA for a four (4) year term.
Cotonou, June 03, 2015, Meeting in Cotonou on June 03, 2015, the Board of Governors made up of the Finance Ministers of the Fund’s 14 member states renewed the mandate of FAGACE’s Managing Director, Mr Henri-Marie DONDRA, for a 4-year term starting in 2016.
Originally from the Central African Republic, Henri-Marie DONDRA was born on August 14, 1966 in Kinshasa (DRC). He joined FAGACE in 1997 and has served the institution at various levels of responsibility. He was successively Finance and Accounting Director from 2002 to 2005, then Director of International Trade Promotion from 2006 to 2007, before taking up the position of FAGACE Regional Representative in Central Africa from 2008 to 2009.
Since the end of 2009, Henri-Marie DONDRA has been Managing Director of the Fonds Africain de Garantie et de Coopération Economique. This first mandate was part of a dynamic process of operational, administrative and institutional reform.
Thanks to these reforms, the Fund has recorded profitable results over the past four (4) years.
In addition, its operational capacities have been strengthened by increasing its capital from 100 to 200 billion in 2011, then to 350 billion in 2014. This led to the extension of the institution’s coverage area, with the accession of new countries such as Chad and Congo in 2011.
Relations with partner institutions have focused on creating greater synergy in actions, with a view to enhancing the impact on member states’ economies.
In addition, the Institution’s intervention mechanisms have been diversified, notably with the introduction of direct financing to better meet the expectations of economic operators.
All this has helped to restore confidence in the regional financial markets of the WAEMU and CEMAC.
The Fonds Africain de Garantie et de Coopération Economique is an international financial institution specializing in investment promotion. It contributes to the economic and social development of its member states, and currently comprises fourteen (14) countries: Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Congo, Côte d’Ivoire, Guinea Bissau, Mali, Mauritania, Niger, Rwanda, Senegal and Togo. Since its creation in 1977, FAGACE has made a significant contribution to the socio-economic development of its member states, notably through guarantees, equity investments and interest-rate subsidies.
The Fund’s operations have mobilized more than 1,500 billion CFA francs in financing for economic operators in member countries.
